CITY NATIONAL BANK PROFIT SHARING PLAN Contribution & Employer Match

How CITY NATIONAL BANK Supports Your Retirement Savings

CITY NATIONAL BANK provides retirement savings benefits through CITY NATIONAL BANK PROFIT SHARING PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

CITY NATIONAL BANK PROFIT SHARING PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute up to 50% of their eligible compensation, not to exceed the dollar amount allowed by law, which was $20,500 for the year ended December 31, 2022.

2. Employer Match/Contribution Conditions: The employer matches 75% of the first 6% of eligible compensation contributed to the plan each payroll period.

3. Vesting Schedule/Eligibility: Participant contributions and the Company’s matching contributions are immediately fully vested. The Company’s profit sharing contributions vest according to the following schedule: 0% for less than 2 years of service, 25% for 2 years, 50% for 3 years, 75% for 4 years, and 100% for 5 or more years of service.